ACR-News
Know what you want? Try our 'Supplier Directory' 

Construction output up despite January fall

According to ONS figures published last week, construction output in January fell by 0.4% but rose by 2.0% compared with one year earlier.

In addition, new orders in Q4 were 2.8% lower than Q3 and flat compared to a year ago.

Senior economist at the Construction Products Association, Rebecca Larkin, said: “Following an increase in output in Q4 last year, the overall fall in construction output in the opening month of 2017 was disappointing, with a decrease in housing, industrial, commercial and RM&I activity over the month. 

“Furthermore, the construction new orders data from the ONS suggests that there may be continued weakness in activity in some sectors during 2017.  Commercial new orders tailed off in the second half of 2016 and in Q4 were 10.6% lower than in Q3 and fell 24.1% from a year ago, and new orders in the industrial sector were the lowest in two years.

“Building work in both sectors requires a large up-front investment for a long-term rate of return and it appears decision-making has been clouded by a rise in economic uncertainty.

She added: “Taking total new orders growth of 2.9% in 2016 as a whole, however, shows there remains an impetus for construction activity over the next 12 months. As echoed in our forecasts, output during 2017 will be driven by higher orders for housing – both private and public – as well as infrastructure and new public sector buildings such as schools and hospitals.”

 

Comments

Already Registered?
Sign In
Not Yet Registered?
Register

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

Panasonic Aquarea Cascade provides control for up to 10 ASHPs

Premises across the world require efficient heating and cooling systems with the capability for remote monitoring, control and maintenance in a variety of applications. For Panasonic systems, Aquarea Cascade Control is a highly integrated interface ...

  08-Jul-2020

Energy Efficient Removal of Excess Heat

Evaporative Cooling and Humidity Control can be achieved through the adiabatic process to improve productivity and workers' wellbeing, as well as helping to remove excess heat generated in many industrial and manufacturing processes
  09-Jul-2020
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

IIR Rankine 2020 Conference - Advances in Cooling, Heating and Power Generation
10th IIR Conference on Compressors and Refrigerants
Mostra Covegno Expocomfort
HRS 2020 Exhibition
Chillventa